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No I'm asking the company to explain what they spent £17.8m on which was raised to cover the cost of both the drills. It’s a reasonable request to ask them account for their expenditure
If they need to raise again it would be nice to know why ( and where that money has gone ).
It would also be good for her to explain where the £11m they had at 31/12 2022 and the extra £6.8m raised in Sep 2023 have gone as apparently the whole £17.8m has gone, or is committed, if they need more to finish drilling.
The placing in Sept 2023 was oversubscribed.
If they needed more cash could they have issued more shares and if so why didn't they ?
If the placing was oversubscribed do they have lists of those placees who may have been disappointed as they may be willing to invest more ?
Good to see the parts are sourced and in transit the rig has been moved and repairs will be completed in situ at the new pad.
Waiting with interest to see how much funding is required and whether it’s loans or equity.
Hoping this doesn't result in too much dilution.Looking forward to spud during Jan 2024.
GLA LTH.
Actually I'm thinking after seeing the sp hold most of the day around 72 then the bid falling to 63 after 16:00 WTAF !
The price has been pretty weird for the last couple of days with HL the LSE and London South East all having their own version of reality most of the time.
A 4p spread is also an indicator that nobody seems to know what is going on - but something is.
Is an all time low - share opened at 4.25 on 4/12/20 peaked at 28p during first drill.
We touched 10p recently as Tai started drilling but the market has been pretty harsh and seems to have decided there is no helium, which I do not believe.In fact all the evidence suggests it is there.
We need to move rapidly as it’s incredible that the sp now is almost half what it was on the day HE1 was created.
Into close looks like a load of shorts losing to me.
Somebody has been having fun at our expense as usual.
Cannot believe this is back in the low 3's with 2 .summation looking possible.
Not what I hoped for as a result at Tai 3.
Drill it I’ll seen it done and been on the wrong end of it.
This share is starting to look like a rinse and repeat sadly.Hoping I'm wrong but every bit of good news always seems to be followed by bad a a reversal of the sp.